How much have home values appreciated in Colorado Springs and El Paso County during the past year and over the past decade? A special section in The Gazette on Sunday, April 22, will give homeowners the lowdown. For the second consecutive year, The Gazette analyzed El Paso County Assessor's Office records to determine how home values have changed in 78 county neighborhoods. The results were compiled into "Neighborhoods, The Gazette Guide to Real Estate." The information also will be available Sunday on http://www.gazette.com/.
Some highlights: Single-family home values countywide increased 6.3 percent in 2006 over the previous year, while values for an 11-year period from 1996 to 2006 are up 80.6 percent. But increased values weren't the whole story; 2006 was a tough year to sell a house in El Paso County as the Pikes Peak region got caught up in the nation's housing slowdown.